Corporate Governance

CORPORATE GOVERNANCE

At Arihant, we believe that good corporate governance is the foundation upon which success is built.

We are committed to building a better investment firm which takes care of the interest of client first and on this foundation we drive our long term growth and profitability.

This section will take you through our corporate governance policies.

Corporate Governance Highlights

Letter from the Chairman

BSE Code

511605

BSE Scrip ID

ARIHCAPM

Bloomberg

ACM@IN

Reuters

ARCM.BO

Board of Directors

Ashok Kumar Jain

Chairman

Mr Jain has been Chairman and a director of Arihant Capital Markets Ltd since its incorporation. An MCom and a Chartered Accountant, he has over 30 years of rich experience in the field of finance and capital markets. His foresightedness and inspiring leadership qualities have enabled the growth of the Company over the years.

Anita Surendra Gandhi

Executive Director

Mrs. Gandhi, B.Com, CA, ICWA, has over 25 years of experience in the field of finance including corporate finance, primary market and secondary market research. She entered capital markets in 1994 when Indian capital markets were opening up and joined JM Share & Stock Brokers Ltd in the primary markets division and was responsible for setting up of institutional desk for the company. Prior to that she had worked in Pidilite Industries Ltd for 5 years where she was actively involved in working capital arrangements, term loan syndication, commercial paper placements, credit rating and launch of public issue of the company.

Sunil Kumar Jain

Audit Committee

Stakeholders' Relationship Committee

Nomination and Remuneration Committee

Mr. Jain, M.Com, has immense experience in the field of capital markets. He was managing director of Arihant Fincap Ltd (which is now merged with Arihant Capital) and has played a pivotal role in the growth of the Company. He has an expertise in equity research and sales.

Mr. Pavan Ved

Non Executive Director

Mr. Ved, M.Com, M.A. (Eco), LLB, CS, CMA, is an Ex-Commissioner of Income Tax and has more than 30 years of rich experience in Income Tax Department. He has worked as deputy collector in Madhya Pradesh, India between 1977-79 after which he was appointed as a Company Secretary in MP Industrial Development Corporation from until Dec 1981 with additional responsibility of CFO. Since Dec 1981 he worked as a Class-I officer in Income-tax Department. After retiring Mr. Ved started practicing as an income tax advocate using his rich experience of IT. He has specialization in appearance before CIT (A), ITAT, ITSC, High Court, SC, TP, and International Tax Law among others. He has argued more than 3000 cases before ITAT.

Akhilesh Rathi

Audit Committee

Stakeholders' Relationship Committee

Nomination and Remuneration Committee

Mr. Rathi, an MBA, has more than thirty years of rich and diversified experience in finance, trade, textile, real estate and service industry. Mr. Rathi is currently serving on the Board of various companies, which among others include, Bhaskar Infrastructure Ltd, New City of Bombay Manufacturing Mills Ltd and Savitt Universal Ltd. Mr. Rathi has been on the board of the company since 1994, and has played an instrumental role on the strategic planning and growth of the Company.

Paragbhai Rameshbhai Shah

Independent Director

Mr. Shah, B.E. (Mechanical) , aged 42 years, is the Chairman and Managing Director of Endeavour Instruments Private Limited, that manufactures and trades in industrial electronic weighing systems and has globalised operations. Mr. Shah being the founder member of Endeavour has played an instrumental role in formulation of short-term and long-term strategic plans, budgeting plans and branding operations for continuous improvement in the operations of Endeavour.

Policies and Principles

Every employee and non-employee director of Arihant is required to understand, agree and adhere to the company's Code of Business Conduct and Ethics. Our integrity and reputation rests on our ability to do the right thing, even when it may not be the easy thing to do. Code of conduct is a collection of rules and policy statements intended to assist the management in making decisions about their conduct in relation to the firm's business.

In conformity with the applicable rules of the Stock Exchange where our shares are listed, the Company has adopted its Code of Conduct for Board of Directors and Senior Management which is sincerely adhered to by them. Apart from this, we have also developed a code for our employees so as to make our workplace a safe and sound environment to work in.

The Code of conduct is based on our fundamental belief that no one at Arihant should ever sacrifice integrity - or even give the impression that they have - even if they think it would help the firm's business. The purpose of the Code is to deter wrongdoing and promote ethical conduct. The matters covered in this Code are of utmost importance to the Company, our shareholders and our business partners.

Managers have a special responsibility to ensure that employees under their supervision understand and comply with the Code and other relevant policies, through example and communication.

Note: Because the Code does not address every possible situation that may arise, the management has to exercise good judgment, apply ethical principles, and raise questions when in doubt. The integrity and good judgment of our people would enhance the Arihant brand, build reputation in the communities in which we operate, and serve as the foundation of trust for our client and community relationships.

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1) KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.2) For Stock Broking Transaction 'Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day...Issued in the interest of Investors3) For Depository Transaction 'Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL/NSDL on the same day...Issued in the interest of investors4) No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.5) Investors should be cautious on unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website.

ATTENTION INVESTORS :- a) Prevent un authorised transactions in your account. Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day; b) KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary; c) Prevent Unauthorized Transactions in your demat account. Update your mobile number with your depository participant. Receive alerts on your registered mobile for all debit and other important transactions in your demat account directly from NSDL / CDSL on the same day. (Issued in the interest of investors). Please read the Risk Disclosure Document and Do's & Dont's prescribed by the Exchanges carefully before investing.